This article first appeared in the Airfinance Annual 2015/2016, published in September 2015 by Euromoney Plc.

In this article Jonathon Meloy, Donna Ager, Barnabas Finnigan, Stephen O'Donnell and Phillip Hinds examine why so many aircraft ABS transactions have been structured around a Cayman Islands Incorporated, Irish Tax Resident special purpose vehicle note Issuer and the advantages of this structure, not only in aircraft ABS deals, but in the context of aircraft finance transactions as a whole.